TENOR CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of TENOR CONCEPT is 2.2% (moderate). The 2026 annual accounts show equity of €85,105 and a net result of €42,189. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 102 sector peers (fiscal year 2026). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability99▲+25
Solvency74▲+11
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 1.87 in 2025; short-term debt: 23.6% and cash: 8.9% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
48.8%
Return on assets
24.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 24-08-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
7 d early
2025
23 d late
2024
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 23 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€85,105▲ 98.3%
2025 · €42,916
Total assets
€174,537▲ 53.1%
2025 · €114,010
Net result
€42,189▲ 869%
2025 · €4,353
Working capital
€81,111▲ 108%
2025 · €38,942
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202420252026
Operating result€48,596-€9,799▼ 79.8%€51,770▲ 428%
Net result€36,563above the sector's middle half-€4,353within the sector's middle half▼ 88.1%€42,189▲ 869%
Equity€38,563within the sector's middle half-€42,916within the sector's middle half▲ 11.3%€85,105▲ 98.3%
Total assets€101,144within the sector's middle half-€114,010within the sector's middle half▲ 12.7%€174,537▲ 53.1%
Debt€62,581-€71,094▲ 13.6%€89,432▲ 25.8%
Working capital€33,649within the sector's middle half-€38,942within the sector's middle half▲ 15.7%€81,111▲ 108%
Solvency38.1%within the sector's middle half-37.6%within the sector's middle half▼ 0.5pp48.8%▲ 11.1pp
Current ratio1.54within the sector's middle half-1.87within the sector's middle half▲ 0.332.97▲ 1.10
Return on assets (ROA)36.1%above the sector's middle half-3.8%within the sector's middle half▼ 32.3pp24.2%▲ 20.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 428% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €174,537
Fixed assets
€52,170 ▲ 72.8%
Current assets
€122,367 ▲ 46.0%
Equity and liabilities €174,537
Equity
€85,105 ▲ 98.3%
Debt
€89,432 ▲ 25.8%
Debt's share of the balance-sheet total falls from 62.4% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,269▲
2025 · €12,309
Cash flow
€58,688▲
2025 · €6,864
Debt to equity
1.05▼
2025 · 1.66
ROE
49.6%▲
2025 · 10.1%
Interest coverage
30.86▼
2025 · 42.97
Debt ≤ 1 year
€41,256▼
2025 · €44,882
Debt > 1 year
€48,176▲
2025 · €26,212
Income taxes
€7,373▲
2025 · €5,159
Staff costs
€1,393▼
2025 · €2,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,261 | €2,110 | €1,393 | ▼ 34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,186 | €2,511 | €16,498 | ▲ 557% |
| Other operating charges640/8 | €822 | €5,570 | €4,411 | ▼ 20.8% |
| Gross operating margin9900 | €53,865 | €19,989 | €74,073 | ▲ 271% |
| Operating profit (loss)9901 | €48,596 | €9,799 | €51,770 | ▲ 428% |
| Financial income75/76B | - | - | €3 | - |
| Recurring financial income75 | - | - | €3 | - |
| Financial charges65/66B | €1,692 | €286 | €2,212 | ▲ 672% |
| Recurring financial charges65 | €1,692 | €286 | €2,212 | ▲ 672% |
| Profit (loss) for the period before taxes9903 | €46,904 | €9,512 | €49,562 | ▲ 421% |
| Income taxes67/77 | €10,341 | €5,159 | €7,373 | ▲ 42.9% |
| Profit (loss) for the period9904 | €36,563 | €4,353 | €42,189 | ▲ 869% |
| Profit (loss) for the period to be appropriated9905 | €36,563 | €4,353 | €42,189 | ▲ 869% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €101,144 | €114,010 | €174,537 | ▲ 53.1% |
| Fixed assets21/28 | €4,914 | €30,186 | €52,170 | ▲ 72.8% |
| Tangible fixed assets22/27 | €4,914 | €30,186 | €52,170 | ▲ 72.8% |
| Furniture and vehicles24 | €4,914 | €30,186 | €52,170 | ▲ 72.8% |
| Current assets29/58 | €96,230 | €83,824 | €122,367 | ▲ 46.0% |
| Amounts receivable within one year40/41 | €94,617 | €83,824 | €106,796 | ▲ 27.4% |
| Trade receivables40 | €57,923 | €25,365 | €36,542 | ▲ 44.1% |
| Other amounts receivable41 | €36,694 | €58,459 | €70,254 | ▲ 20.2% |
| Cash at bank and in hand54/58 | €1,613 | - | €15,571 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €101,144 | €114,010 | €174,537 | ▲ 53.1% |
| Equity10/15 | €38,563 | €42,916 | €85,105 | ▲ 98.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | €2,000 | €2,000 | = |
| Other1109/19 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €36,563 | €40,916 | €83,105 | ▲ 103% |
| Amounts payable17/49 | €62,581 | €71,094 | €89,432 | ▲ 25.8% |
| Amounts payable after more than one year17 | - | €26,212 | €48,176 | ▲ 83.8% |
| Financial debts170/4 | - | €26,212 | €48,176 | ▲ 83.8% |
| Amounts payable within one year42/48 | €62,581 | €44,882 | €41,256 | ▼ 8.1% |
| Financial debts43 | - | €6,098 | - | - |
| Credit institutions430/8 | - | €6,098 | - | - |
| Trade debts44 | €52,240 | €26,284 | €36,619 | ▲ 39.3% |
| Suppliers440/4 | €52,240 | €1,212 | €66 | ▼ 94.6% |
| Bills of exchange payable441 | - | €25,071 | €36,553 | ▲ 45.8% |
| Taxes, remuneration and social security45 | €10,341 | €12,500 | €4,637 | ▼ 62.9% |
| Taxes450/3 | €10,341 | €12,500 | €4,637 | ▼ 62.9% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,563 | €4,353 | €42,189 | ▲ 869% |
| + Depreciation and write-downs630 | €1,186 | €2,511 | €16,498 | ▲ 557% |
| Operating cash flow (approximation) | €37,749 | €6,864 | €58,688 | ▲ 755% |
| Investment in fixed assets (approximation) | - | -€27,783 | -€38,482 | ▼ 38.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-01
Financial
Highest result since 2024net €42,189 ▲869%
Operating result €51,770, net result €42,189, both a record.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
31-01
Financial
Weakest financial yearnet €4,353 ▼88.1%
Net result drops to €4,353, the lowest in the series; recovery starts the following year.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2022
Ground area
2,043 m²
Building footprint
281 m²
Volume, LiDAR
1,759 m³
2 parcels, Brussels, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
TENOR CONCEPT
since 20222.335.314.788
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
| 21308H0614/00X000 | Brussels | 109 m² | 1 · 83 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Renovacis
BE 0450.288.747
Gent · Eq €85,168
BNG CONSTRUCT
BE 0640.710.140
Elsene · Eq €85,172
B.J. CONSTRUCT FACADE
BE 0541.996.507
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,251 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-2022
Fiscal year end31-01
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790229207
Also
9925:BE0790229207
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.